Capital Advisors Wealth Management LLC Boosts Holdings in Tesla, Inc. (NASDAQ:TSLA)

Capital Advisors Wealth Management LLC boosted its stake in Tesla, Inc. (NASDAQ:TSLA) by 35.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,132 shares of the electric vehicle producer’s stock after purchasing an additional 561 shares during the quarter. Capital Advisors Wealth Management LLC’s holdings in Tesla were worth $558,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Alpha Paradigm Partners LLC purchased a new stake in Tesla during the 3rd quarter worth $27,000. GW&K Investment Management LLC purchased a new position in shares of Tesla in the first quarter valued at $30,000. St. Johns Investment Management Company LLC grew its stake in shares of Tesla by 451.9% during the first quarter. St. Johns Investment Management Company LLC now owns 149 shares of the electric vehicle producer’s stock valued at $31,000 after acquiring an additional 122 shares in the last quarter. Worth Asset Management LLC acquired a new position in shares of Tesla in the 1st quarter valued at approximately $111,000. Finally, Magellan Asset Management Ltd acquired a new stake in Tesla in the first quarter valued at $34,000. Hedge funds and other institutional investors own 41.87% of the company’s stock.

Insider Activity

In related news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $243.13, for a total transaction of $2,552,865.00. Following the completion of the transaction, the senior vice president now directly owns 66,834 shares in the company, valued at approximately $16,249,350.42. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $243.13, for a total value of $2,552,865.00. Following the sale, the senior vice president now directly owns 66,834 shares in the company, valued at $16,249,350.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Xiaotong Zhu sold 1,065 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $249.62, for a total transaction of $265,845.30. Following the completion of the sale, the senior vice president now owns 59,540 shares in the company, valued at approximately $14,862,374.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,815 shares of company stock valued at $14,384,135. 20.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TSLA. Barclays downgraded shares of Tesla from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $220.00 to $260.00 in a research report on Wednesday, June 21st. Truist Financial boosted their price target on Tesla from $240.00 to $254.00 and gave the company a “hold” rating in a report on Thursday, July 20th. Wells Fargo & Company lifted their price objective on shares of Tesla from $170.00 to $265.00 and gave the stock an “equal weight” rating in a report on Monday, July 17th. TD Cowen raised their target price on shares of Tesla from $150.00 to $200.00 and gave the stock a “market perform” rating in a report on Thursday, July 20th. Finally, Canaccord Genuity Group increased their target price on Tesla from $257.00 to $293.00 and gave the stock a “buy” rating in a research report on Monday, July 3rd. Six analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $239.43.

Tesla Trading Down 3.3 %

Shares of NASDAQ:TSLA opened at $265.28 on Tuesday. The company has a current ratio of 1.59, a quick ratio of 1.07 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $842.00 billion, a PE ratio of 75.15, a P/E/G ratio of 4.28 and a beta of 2.09. Tesla, Inc. has a 1 year low of $101.81 and a 1 year high of $313.80. The firm has a fifty day moving average price of $255.83 and a 200 day moving average price of $220.81.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, July 19th. The electric vehicle producer reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.22. Tesla had a return on equity of 26.10% and a net margin of 12.97%. The business had revenue of $24.93 billion for the quarter, compared to analyst estimates of $24.22 billion. During the same quarter in the prior year, the firm posted $0.65 EPS. The firm’s revenue for the quarter was up 47.2% on a year-over-year basis. Analysts expect that Tesla, Inc. will post 2.94 EPS for the current fiscal year.

Tesla Company Profile

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. It operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, retail merchandise, and vehicle insurance services.